Weekly Report - 6 December 2007 (ISSN 1741-7422)

ARGENTINA | Price controls. Martí­n Lousteau, who will take over as economy minister on 10 December, announced his first measure this week: a fixed maximum price of 78 cents for dairies to pay farmers for a litre of milk. He argued that the measure was necessary to protect consumers from high costs and to increase production. Dairy farmers were livid. Some 3,000 of them from Córdoba, Santa Fe, Entre Rí­os and Buenos Aires gathered on 5 December in the Sociedad Rural de San Francisco in Córdoba. They argued that producing a litre of milk costs 79 cents making the fixed price completely illogical. They resolved to block milk deliveries to the dairies. The measure was supposed to become part of the "social pact" designed by President-elect Cristina Fernández.

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